Big Rock Partners, a real estate investment firm, recently announced it will break ground on a new senior living community in southern Palm Beach County, Florida, after securing a $68.2 million construction loan from Wells Fargo. The project is noteworthy for the involvement of Ventas Inc. (NYSE: VTR) as an equity partner, and as one […]
Wells Fargo
In case you missed them … here are the top headlines grabbing Senior Housing News readers’ attention this week: Senior Lifestyle Corp. Launches New Brand With $650 Million Pipeline — Senior Lifestyle Corp. recently launched a new product, The Sheridan, a 19- to 26-property pipeline that could top $650 million. Rolling out over the next few years, the […]
Increasing demand to finance senior housing facilities has prodded Wells Fargo & Company (NYSE: WFC) to establish a new speciality group solely dedicated to the space, the company announced Tuesday. Housed within Wells Fargo’s Commercial Real Estate Group, the company’s new Senior Housing Finance team will provide a suite of banking and credit services for […]
KeyBank National Association has been the No. 1 Fannie Mae lender in the senior housing sector for three consecutive years, according to rankings released Monday. Berkadia Commercial Mortgage, LLC claimed the second spot in the latest rankings, for 2014. Berkadia ranked No. 4 in 2013, which was the first year for which Fannie Mae named the […]
Dwight Capital Funds $42 Million of HUD Loans in December Dwight Capital, a national provider of commercial loans, has announced that it has funded $41.5 million in Department of Housing and Urban Development (HUD) loans for three multifamily and senior housing properties. The properties include: Highland Park Apartments in Denver, Colo., Reserve at Towne Crossing […]
NorthMarq Capital Refinances $7M for Iowa Senior Housing NorthMarq Capital’s Omaha-based regional office secured a $7.366 million refinance for Woodlands Creek. Jason Kinnison, senior vice president of NorthMarq Capital’s regional office, secured the refinance for the 70 unit senior housing facility, located at 12605 Woodlands Parkway in Clive, Iowa. The transaction was structured with a 35-year term and […]
Here’s a roundup of some of the most recent financing transactions in senior housing and care. Berkadia Secures Over $156M in Financing for Capital Senior Living Berkadia Commercial Mortgage LLC (Berkadia) worked with Capital Senior Living Corporation to arrange $156.6 million in financing for a portfolio of 15 seniors housing properties located across seven different […]
As the number of seniors housing finance players continued to expand over the course of 2013, and more liquidity came into the market, several lenders posted big originations numbers both in terms of origination counts and dollar volume of lending facilitated. Topping the list for last year’s originations for senior housing specified as age restricted […]
Washington, D.C.-based asset management company The Carlyle Group recently acquired a senior living community in Jacksonville, Fla., for $19 million, reports the local Business Journal. The community, Brighton Bay, was sold by a subsidiary of Wells Fargo & Co. (NYSE:WFC). Third-party management company Leisure Care has been brought on to operate the community. Written by Alyssa […]
Despite facing unique challenges such as a lack of federal marriage and inheritance rights, LGBT (lesbian, gay, bisexual, and transexual) non-retirees reported a higher level of confidence in their retirement savings compared to the general population, revealed a recent nationwide Wells Fargo (NYSE:WFC) retirement survey. Nearly two-thirds of LGBT non-retirees (61%) felt confident they’d have […]
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